Thanks to all for your responses, especially sasquatch.
The tenon chamfer makes sense but not the mortise. I can readily see the mortise chamfer managing condensate as smoke navigates a smaller diameter as it enters the tenon, but the mortise chamfer is another matter. It must manage the smoke that escapes the tenon and travels down its sides, although how this could happen given the draw is a mystery. So this chamfer allows the condensate to be stepped down before escaping at the point of the mortise/tenon junction, preventing condensation at this point?
The tenon chamfer makes sense but not the mortise. I can readily see the mortise chamfer managing condensate as smoke navigates a smaller diameter as it enters the tenon, but the mortise chamfer is another matter. It must manage the smoke that escapes the tenon and travels down its sides, although how this could happen given the draw is a mystery. So this chamfer allows the condensate to be stepped down before escaping at the point of the mortise/tenon junction, preventing condensation at this point?